How Insurance Costs Make NYC Construction so Expensive | Odd Lots
February 26, 2026
2,629
38
5
1.64%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Podcasts Episodes Around February 26, 2026
See what was published immediately before and after this episode.
49:17Now PlayingHow Insurance Costs Make NYC Construction so Expensive | Odd Lots
Chapters
YouTube Description
as posted by the channelIt's hard to imagine NYC becoming significantly more affordable as long as it's so expensive to build things. Whether we're talking about new housing or transportation, the city is a famously expensive place to do construction. There are reports of subway elevators costing $100 million per station. Public bathrooms end up costing millions as well. One driver of costs is insurance, which is a major national issue, but particularly acute in NYC, with costs as a share of a given construction project having surged over the decades. So what's the story? On this episode we speak with Elizabeth Crowley, the president and CEO of the Building Trades Employers' Association as well as Michael Capasso, the president and CEO of CAC Industries, a civil engineering firm which works on various heavy construction projects in the city. We talk about regulations that push the cost of operation higher, along with other factors such as project delays and labor availability.
Chapters:
Watch Bloomberg Vodcasts
Watch more Odd Lots episodes
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Join the conversation: discord.gg/oddlots
Subscribe to Bloomberg Podcasts
Check out more Odd Lots
Get the Odd Lots newsletter
And for all things Odd Lots, visit
#Investing #Markets #Finance #Bloomberg #Podcast #OddLots
For coverage on news, markets and more
Visit our other YouTube channels:
Bloomberg Television
Bloomberg Originals
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.